FXPrimus Review 2020

FXPrimus Rated 4/5
FXPrimus Review Screenshot

FXPrimus Guide - Read our In Depth FXPrimus Review

This FXPrimus review was written by industry experts with over 20 years of financial experience in Forex, Social Trading.
The content in this FXPrimus review does not apply to US users.

What is FXPrimus?

FXPrimus are an a global online financial trading platform and multi asset broker founded in 2009

Over 11 years later FXPrimus has grown to offering retail investors Forex trading, and Social trading.

FXPrimus are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this FXPrimus review and assess how well the FXPrimus platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like FXPrimus can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of FXPrimus we breakdown the pros and cons. What FXPrimus are able to offer, what countries FXPrimus are available in. Who FXPrimus are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this FXPrimus review useful.

This review of the FXPrimus platform is very detailed. If you are interested in trading with FXPrimus in any capacity please take the time to read and research the whole FXPrimus review.

We have tried to explain the ins and outs of financial trading through the FXPrimus platform as plainly as possible so that you the trader are as informed as possible before you start to use the FXPrimus trading tools and depositing and withdrawing funds from FXPrimus.

Benefits of trading with FXPrimus

Open FXPrimus's Website

Losses can exceed deposits

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with FXPrimus like Forex trading, and Social trading. you should have confidence in FXPrimus and know that the management of your financial investments on the FXPrimus platform is in good hands.

At the bottom of this FXPrimus review you can also learn about some pretty good alternatives to FXPrimus

With this FXPrimus review we hope to help you see if FXPrimus is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXPrimus that will help you get off to a good start in the world of online trading.

FXPrimus Review Table of Contents

FXPrimus review
FXPrimus is a Multi-Assets Trading Platform with over 130+ Assets

Learn more about FXPrimus. FXPrimus is a multi asset platform with 130+ tradable Assets. Assets available on FXPrimus include Forex, Social Trading.

FXPrimus trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, Social Trading are considered financial assets.

FXPrimus review
Features of FXPrimus

FXPrimus review
What you should know

FXPrimus offer two ways to trade: Forex, Social Trading.

With FXPrimus you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FXPrimus platform.

FXPrimus are able to accommodate various levels of traders whether you are experienced or a beginner.

FXPrimus review
Are FXPrimus safe?

When choosing a broker like FXPrimus the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 11 years FXPrimus have a head office in Cyprus.

FXPrimus is regulated. This means FXPrimus are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPrimus, this will be honored. If FXPrimus violate any regulatory rules their regulated status could be stripped.

FXPrimus review
Is my money safe with FXPrimus?

Any payments funded to FXPrimus accounts by traders are held in a segregated bank account.

For added security FXPrimus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should FXPrimus use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in FXPrimus deposited in a Tier 1 bank?

Having any money you deposit with FXPrimus means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FXPrimus goes out of business for some reason.

Therefore, we can safely conclude that FXPrimus is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, Social Trading is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FXPrimus also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding FXPrimus. let us look at the FXPrimus features in more detail.

Try creating two accounts when you are working with FXPrimus. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXPrimus

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FXPrimus as a Company Compare Against Other Brokers

Broker FXPrimus eToro IC Markets XTB
Year Established 2009 2006 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ FXPrimus users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit FXPrimus Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXPrimus review
FXPrimus Pros and Cons

What we like about FXPrimus

  • Used by over 10,000 FXPrimus users and traders
  • Established in 2009
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
  • Min. deposit from $100

What we don't like about FXPrimus

FXPrimus review
FXPrimus Regulation and Licensing in more detail

We have checked and FXPrimus is regulated and supervised by reputable organisations. You are able to check every FXPrimus supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FXPrimus. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FXPrimus traders and provide a safe trading environment.

FXPrimus is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FXPrimus you should be sure they're legitimate online agent.

FXPrimus review
Is FXPrimus Global?

Yes, FXPrimus is global as FXPrimus is available in over 179 countries.

FXPrimus is a global trading platform in the sense that it operates in 179 nations including nations in Europe, Asia, Oceania, and Africa. Major countries FXPrimus covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. FXPrimus has a total of more than 10,000 users. Commendable figures from FXPrimus.

FXPrimus review
FXPrimus Awards

FXPrimus have won numerious industry awards over the 11 years they have been operating as a financial broker. We list the most notible awards and mentions for FXPrimus below.

  • Global Forex Awards Best Asian Forex Support 2019 Winner
  • Traders Fair Best Trading Service South Africa 2019 Winner
  • FXDailyInfo Best Forex Broker Europe 2019
  • Global Brands Best Forex Broker Asia 2019 Winner
  • Global Brands Most Trusted Broker Asia 2018 Winner
  • Traders Awards Best Forex Broker Vietnam 2018 2018 Winner
  • FxDailyInfo Awarded FXPrimus Best Customer Support Broker & Best Trading Platform 2018 Winner

FXPrimus review
FXPrimus Fees Explained

  • FXPrimus withdrawal fees varies on payment method
  • FXPrimus does not charge a fee for inactive accounts.
  • FXPrimus does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How FXPrimus Fees Compare Against Other Brokers

Broker FXPrimus eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees Varies Yes No varies
Inactivity Fees No Yes No No
Deposit Fees Varies No Varies No
CFD Commission Fees No No Yes Yes

FXPrimus review
FXPrimus Minimum Deposit

FXPrimus require a minimum desposit of 100 GBP/USD when opening an FXPrimus trading account.

A minimum deposit is the minimum amount of money required by FXPrimus to open a new online brokerage account with them.

Dont be scared off by brokers like FXPrimus charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FXPrimus review
FXPrimus Withdrawal Fees

FXPrimus withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

FXPrimus for example allow you to withdraw your funds to Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay.

FXPrimus review
FXPrimus Inactivity Fees

FXPrimus does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FXPrimus review
FXPrimus Desposit Fees

FXPrimus does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FXPrimus review
FXPrimus Commission Fees

FXPrimus does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FXPrimus review
What can you trade with FXPrimus?

Be aware that Different entities under FXPrimus Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with FXPrimus over 130 instruments infact.

If you are looking at trading currency pairs FXPrimus offer over 45 currency pairs.

Compare FXPrimus with eToro and IC Markets below.

Losses can exceed deposits

How FXPrimus Trading Options Compare Against Other Brokers

Broker FXPrimus eToro IC Markets XTB
Instruments Available 130 2000 232 4000
Platforms MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 45 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 60 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit FXPrimus
Losses can exceed deposits
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXPrimus review
Trading on FXPrimus web platforms and other applications

FXPrimus offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An FXPrimus IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FXPrimus also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See FXPrimus's platforms

FXPrimus review
Is the FXPrimus Trading Platform Secure?

FXPrimus safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FXPrimus also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FXPrimus.

FXPrimus review
FXPrimus Trading Platform Options

Once you have logged into your FXPrimus account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

FXPrimus does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

FXPrimus does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options FXPrimus gives you.

FXPrimus review
FXPrimus MetaTrader 4 (MT4)

FXPrimus MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with FXPrimus. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with FXPrimus in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. FXPrimus MetaTrader 4 is compatible with the latest macOS Mojave. FXPrimus allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on FXPrimus

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade FXPrimus MetaTrader 4 on IOS Devices

You can download the FXPrimus app or also trade with FXPrimus through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade FXPrimus MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. FXPrimus provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FXPrimus MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade FXPrimus MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

FXPrimus MetaTrader 4 Advanced Trading Tools

The FXPrimus advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FXPrimus offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade FXPrimus MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

FXPrimus MetaTrader 4 AutoChartist

FXPrimus Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

FXPrimus Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

FXPrimus Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Managed account
  • Islamic account

Can I try FXPrimus before I buy?

FXPrimus offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

FXPrimus withdrawal and funding methods.

Please note that the list of FXPrimus payment methods below depend on the FXPrimus Entity and the Clients Country of Residence.

FXPrimus offer the below funding payment methods. learn more about FXPrimus

FXPrimus Payment Methods

  • FXPrimus accepts Credit cards
  • FXPrimus accepts VISA
  • FXPrimus accepts MasterCard
  • FXPrimus accepts Debit cards
  • FXPrimus accepts Bank Transfer
  • FXPrimus accepts Electronic wallets (eWallets)
  • FXPrimus accepts Neteller
  • FXPrimus accepts Skrill
  • FXPrimus accepts Payoneer
  • FXPrimus accepts SafeCharge
  • FXPrimus accepts TrustPay
  • FXPrimus accepts EmerchantPay
  • FXPrimus accepts Bitcoin
  • FXPrimus accepts UnionPay
  • FXPrimus accepts FasaPay
  • FXPrimus accepts Giropay
Broker FXPrimus eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with FXPrimus?

When opening a trading account with FXPrimus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPrimus trading platforms here.

Losses can exceed deposits

Performing trades with FXPrimus

FXPrimus allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. FXPrimus allow you to execute a maxium trade of 80 lot. As FXPrimus offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

FXPrimus are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

FXPrimus Leverage and FXPrimus CFDs Explained

let's take a look at some of the basics of using FXPrimus leverage.

FXPrimus offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FXPrimus leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FXPrimus trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FXPrimus leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FXPrimus CFDs are typically used for short to medium term trades. For example FXPrimus intraday trading.

Limit Risk When Trading with FXPrimus Stop Loss, FXPrimus Stop Limit Orders

A stop-loss order is an order placed with a broker like FXPrimus to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FXPrimus

To trade effectively with FXPrimus, it's important to get a have a good understanding of the FXPrimus trading tools and the markets.

FXPrimus offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FXPrimus.

Take time to look around the FXPrimus platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FXPrimus

FXPrimus support a wide range of languages including English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian

FXPrimus have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

FXPrimus customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at FXPrimus

We tested the FXPrimus live chat and it works well. We sent messages to FXPrimus livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with FXPrimus support in multiple languages in multiple countries. FXPrimus where able to quickly resolve our customer issues.

Email Support at FXPrimus

We sent several emails to FXPrimus and answer times overall were excellent. The fastest response from FXPrimus was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FXPrimus, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FXPrimus.

Phone Support at FXPrimus

We called FXPrimus and the call was answered very quickly. The call was answered in less than 1 minutes.

The FXPrimus phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FXPrimus team by calling in varying languages. FXPrimus made an effort to make sure our queries were answered.

Overall great phone support from FXPrimus.

See how FXPrimus Support Compares Against Other Brokers

Broker FXPrimus eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit FXPrimus Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with FXPrimus

As FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FXPrimus Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore FXPrimus's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXPrimus you can visit the FXPrimus trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxprimus.com/ on November 22, 2020.

FXPrimus review
Watch this FXPrimus Explainer Video

FXPrimus review
Is FXPrimus A Good Broker?

We spent over 3 months examining FXPrimus in depth. Although FXPrimus are not perfect we found many really useful aspects with the overall offering from FXPrimus. Our personal experience of trading with FXPrimus was very good. Weighing up many points FXPrimus is a good broker.

  • FXPrimus have a good track record of offering Forex, Social Trading.
  • FXPrimus has a history of over 11 years.
  • FXPrimus has a reasonable sized customer support of at least 10.
  • FXPrimus are regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). This means FXPrimus fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FXPrimus have regulation from a Tier 1 reputable country.
  • FXPrimus has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FXPrimus have an international presence in multiple countries. This includes local FXPrimus seminars and training.
  • FXPrimus are able to hire people from various locations in the world who can better communicate in your local language.

FXPrimus Risk Disclaimer

Losses can exceed deposits

FXPrimus review
FXPrimus not quite right?

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FXPrimus review
Related FXPrimus Vs Comparisons

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FXPrimus review
FXPRIMUS Frequently Asked Questions

Can I try FXPrimus before I buy?

FXPrimus offer a demo account so you can try the FXPrimus platform before you put down a payment. Learn more here

What funding methods do FXPrimus accept?

Please note that the list of payment methods below depend on the FXPrimus Entity and the Clients Country of Residence.

FXPrimus offer the following funding payment methods Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay, among other payment methods.
Learn more here

Losses can exceed deposits

Is FXPrimus safe?

FXPrimus are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). Any payments funded to FXPrimus accounts by traders are held in a segregated bank account. For added security FXPrimus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FXPrimus trading good?

FXPrimus is considered good and reputable to trade with FXPrimus. FXPrimus is used by over 10000 active traders and FXPrimus users. FXPrimus offers Forex trading, and Social trading. Minimum deposit with FXPrimus is 100.

Is FXPrimus trading Legit?

FXPrimus was founded in Cyprus in 2009. FXPrimus has been facilitating trade on the financial markets for over 11 years. FXPrimus offers clients Forex trading, and Social trading. All funds deposited to FXPrimus are held in segregated tier 1 bank accounts for security. FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered legit.

Is FXPrimus a good broker?

FXPrimus is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered a good broker. FXPrimus allows Forex trading, and Social trading.

Is FXPrimus trustworthy broker?

FXPrimus can be considered trustworthy. All money funded to FXPrimus is placed into a segregated tier 1 bank account. this means your money in not held by FXPrimus directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

What is the minimum deposit for FXPrimus?

The minimum deposit to trade with FXPrimus is 100.

How long do FXPrimus withdrawals take?

Withdrawing money from FXPrimus processing time varies but averages 2-5 days.

Is FXPrimus regulated?

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

Is FXPrimus a market maker?

FXPrimus is a market maker. Stocks, currency and other commodities and instruments will be purchased by FXPrimus even if no buyer is lined up.

How can I start trading with FXPrimus?

When opening a trading account with FXPrimus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPrimus trading platforms here.

Is my money safe with FXPrimus?

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). One of the most important criteria for traders when choosing a broker like FXPrimus is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPrimus, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FXPrimus a con?

FXPrimus is regulated and well established having been in business for over 11 years. FXPrimus is definitely not a con.

Can you make money with FXPrimus?

Although traders have had great success with FXPrimus. Trading on the financial markets with FXPrimus is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does FXPrimus have fees?

FXPrimus withdrawal fees varies on payment method. FXPrimus doesn't charge inactivity fees. FXPrimus does charge deposit fees.

When was FXPrimus founded?

FXPrimus was founded in 2009.

How many people use FXPrimus?

FXPrimus is used by over 10000 registered FXPrimus users.

What is FXPrimus Headquarters country?

FXPrimus has its head quarters office in Cyprus.

Does FXPrimus offer negative balance protection?

FXPrimus does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FXPrimus offer guaranteed stop loss?

FXPrimus does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FXPrimus allow scalping?

FXPrimus offers scalping.

Does FXPrimus allow hedging?

FXPrimus offers hedging.

Does FXPrimus offer CFD trading?

FXPrimus offers CFD trading.

Does FXPrimus offer STP?

FXPrimus offers STP trading.

How many people use FXPrimus?

FXPrimus is used by over 10000 FXPrimus users and traders.

Is FXPrimus an ECN broker?

FXPrimus offers ECN trading.

Does FXPrimus offer a demo account?

FXPrimus offers a demo account.

Does FXPrimus offer an Islamic account?

FXPrimus offers a Islamic accounts.

What are the funding methods for FXPrimus?

FXPrimus accept the following funding methods : Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay.

FXPrimus review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FXPrimus brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FXPrimus review written by Mark Hansen of Comparebrokers.co